Marcum LLP
Industries

Construction

Marcum LLP Construction Services Group
 

Marcum LLP's Construction Services Group is dedicated to assisting contractors with personalized and attentive service, strong technical expertise, and uncompromising integrity. Regulations related to the construction industry can be complex, making compliance with these laws an ongoing challenge.

Marcum is committed to the growth and success of its clients by providing strategic and timely accounting, consulting, and taxation services designed to help build a more profitable and valuable construction enterprise. In addition, we offer computer network implementation and security and executive planning.

Companies involved in long-term contracting face a world of intricate challenges, issues and obstacles in today's changing economy. There is a critical need for these companies to engage professionals that understand contract accounting and the elements of a construction project. Our contracting experts can help you anticipate major issues and understand the industry specific needs that construction companies face.

Our National Construction Industry Services group members are called upon to testify as experts in their field, are frequent contributors to professional trade publications and are sought after speakers on topics concerning long-term contract accounting by the AICPA and other organizations.

Among the country's foremost experts on accounting, tax and business issues in construction, Marcum's Partners and Directors are technical reviewers of the AICPA Audit Risk Alert, Construction Contractors Industry Developments, and the AICPA Audit and Accounting Guide for Construction Contractors.

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Upcoming Events

Marcum New England Construction Summit

September 25, 2018

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Marcum Mid-South Construction Summit

October 1, 2018

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Marcum California Construction Summit

October 18, 2018

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Marcum Florida Construction Summit

January 10, 2019

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Marcum Midwest Construction Summit

March 6, 2019

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Scope of Services

Marcum LLP is a premier provider of full service accounting, tax and consulting services to the construction industry. Our clients range from small contractors to billion dollar international construction organizations. Our client base gives us the breadth and depth of construction experience to effectively and efficiently develop the strategies needed to meet your requirements.

Construction Industry Accounting & Auditing Services

  • Audits, reviews & compilations of financial statements of public & private companies.
  • SSAE 16 audits.
  • Internal audits.
  • Pension & benefit plan review & audits (ERISA).
  • Financial forecasts & projections.
  • Internal controls review & design.
  • Due diligence on acquisitions/divestitures.
  • Custom assurance services.
  • Mergers & acquisitions.
  • Operational auditing.
  • Accounting outsourcing.
  • Monitoring.

Construction Industry Tax Services

  • Tax deferral maximization through contract element review.
  • Long-term construction contracts.
  • Alternative minimum tax planning.
  • Look-back planning & compliance.
  • Cost allocation.
  • Federal, state & local tax planning.
  • Estate & succession planning.
  • IRS examination assistance.
  • Tax preparation for owners & businesses.
  • Tax compliance and planning.
  • Planning for long term contract tax regulations.
  • Evaluation of the various options for reporting taxable income on construction contracts.
  • Cost segregation studies and related services.
  • Multi-state tax consulting and return preparation.
  • Minimization of company sales and use tax obligations.
  • Consulting services.
  • Financial analysis.
  • Job-costing management systems.
  • Cost control report analysis.
  • Maximizing a company's bonding capacity.
  • Controlling costs and establishing internal controls.
  • Establishing and monitoring job costs procedures.

Construction Industry Consulting Services

  • Surety credit & bank financing assistance.
  • Valuation services.
  • Business acquisition and sale.
  • Forensic accounting.
  • Fraud investigations.
  • Litigation support/expert testimony.
  • Claims consulting.
  • Strategic planning & profit enhancement.

Construction Fund Management Services

  • Accounting and administration.
  • Opening and maintaining bank accounts.
  • Setting up client access to accounts.
  • Reviewing proof of claims and determining correct payments.
  • Looking beyond the payment required.
  • Writing and processing checks with signatures.
  • Identification of fraudulent and preferential transfers and payments.
  • Returning undistributed funds.
  • Accounting and internal control assessment.
  • Performing monthly bank reconciliations.
  • Fraud investigation.
  • Escrow agent.
  • Paying agent.

Surety Bond Investigations

  • Financial analysis of principal.
  • Claims evaluation/administration.
  • Indemnity investigations/sources of recovery.
  • Monitoring project progress/cost estimates.
  • Litigation support/principal tax issues.
  • Administration of trust/escrow accounts.
  • Cash flow analysis.
  • Underwriting support.
 
 

Newsletter

JOLTS Survey Analysis

SURVEY ANALYSIS

  READ THE LATEST EDITION
 
 

We also service various sub-contractors and specialty trades.

  • Airport, bridge & highway contractors.
  • Carpentry.
  • Casino builders.
  • Cesspools and drainage.
  • Colleges & universities.
  • Concrete.
  • Dry wall.
  • Painting.
  • Plastering.
  • Plumbing.
  • Recycling.
  • Tree services.
  • Tunnel construction.
  • Underwater construction.
  • Waterproofing.
  • Electric & gas utilities.
  • Environmental remediation.
  • Heating, ventilation, & air conditioning.
  • Landscaping.
  • Mechanical and heavy highway.
  • Masonry.
 

We serve clients in:

  • Commercial construction.
  • Design build construction.
  • Road & heavy construction.
  • Residential construction.
  • Suppliers for contractors.
  • Sub-Contractors.
  • Specialty Contractors, including:
    • HVAC.
    • Electrical.
    • Glazing.
    • Steel erectors.
    • Painting.

Related News

Marcum Commercial Construction Index for First Quarter of 2018 Contrasts Lukewarm Spending with Optimistic Job Growth


Press Release

Marcum Commercial Construction Index for First Quarter of 2018 Contrasts Lukewarm Spending with Optimistic Job Growth

Continuing economic expansion in the U.S. does not appear to be translating into rapid growth in construction spending, concludes the Marcum Commercial Construction Index for ....

Construction Executive published an article on improving project bids by Senior Manager Adam Canosa, in its CE This Week newsletter.


As Seen In

Construction Executive published an article on improving project bids by Senior Manager Adam Canosa, in its CE This Week newsletter.

The accounting behind a construction estimate is relatively simple. Take known costs plus indirect costs, add a contingency for the unknown and then mark-up for ....

Construction Executive featured an article by Partner Robert Mercado and Assurance Manager James Wiedemann in a special section on construction accounting.


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Construction Executive featured an article by Partner Robert Mercado and Assurance Manager James Wiedemann in a special section on construction accounting.

Contractors can often determine if a project is meeting completion milestones simply through experience and intuition. But a more accurate method entails the analysis of ....

Construction Accounting & Taxation published an article by Chief Construction Economist Anirban Basu and Construction Services Leader Joseph Natarelli, about the rising cost of construction materials and the implications for the continued recovery of the industry.


As Seen in

Construction Accounting & Taxation published an article by Chief Construction Economist Anirban Basu and Construction Services Leader Joseph Natarelli, about the rising cost of construction materials and the implications for the continued recovery of

After years of fretting about shortages of skilled craftspeople, construction industry leaders have a new source of concern - materials prices and distortionary public policies.

Construction Jobs on the Rebound, Says 2017 Marcum JOLTS Analysis


Press Release

Construction Jobs on the Rebound, Says 2017 Marcum JOLTS Analysis

Marcum LLP today released its annual analysis of job trends in the construction industry, based on the Bureau of Labor Statistics' Job Openings and Labor ....

Construction Executive published a summary of the Marcum Commercial Construction Index for the 4th quarter of 2017.


As Seen In

Construction Executive published a summary of the Marcum Commercial Construction Index for the 4th quarter of 2017.

The quarterly Marcum Commercial Construction Index foresees continued momentum in the construction market in 2018, following sustained economic expansion in 2017.

A Construction Company’s Guide to the New Revenue Recognition Standard


Construction

A Construction Company’s Guide to the New Revenue Recognition Standard

It is common to have many questions about how the New Guidance applies to your contracts. The New Guidance is principles based and requires the ....

Marcum Construction Index Predicts Robust 2018 for the Construction Industry


Press Release

Marcum Construction Index Predicts Robust 2018 for the Construction Industry

The quarterly Marcum Commercial Construction Index released today foresees continued momentum in the construction market in 2018, following sustained economic expansion in 2017. The 4th ....

Tennessee Road Builder featured an article by Dillon Scott, a senior tax accountant in the Nashville office, about the top 10 things construction contractors need to know about the new tax law.


As Seen In

Tennessee Road Builder featured an article by Dillon Scott, a senior tax accountant in the Nashville office, about the top 10 things construction contractors need to know about the new tax law.

C-corporations will enjoy a flat 21 percent tax rate rather than a blend of eight brackets ranging from 15-39 percent. For the 30 TENNESSEE Road ....

Construction Executive published Part II of an article by Assurance Partner Don Singleton and Senior Tax Manager Kenneth Padgitt, about deferring tax liabilities for construction contracts.


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Construction Executive published Part II of an article by Assurance Partner Don Singleton and Senior Tax Manager Kenneth Padgitt, about deferring tax liabilities for construction contracts.

The U.S. tax code is complicated and confusing. The evolution of the federal income tax law over the decades has been a constant tug-of-war, riddled ....

Construction Accounting & Taxation published the latest article by Construction Leader Joseph Natarelli and Chief Construction Economist Anirban Basu, on the difficulty of predicting the next real estate downturn.


As Seen In

Construction Accounting & Taxation published the latest article by Construction Leader Joseph Natarelli and Chief Construction Economist Anirban Basu, on the difficulty of predicting the next real estate downturn.

During the 19th century, miners dug deep into the Earth, extracting valuable minerals and deposits that served as the raw materials for the Industrial Revolution. process, ....

Construction Executive published an article by Assurance Partner Don Singleton and Tax Senior Manager Kenneth Padgitt, discussing tools available to construction contractors to help defer income tax liabilities.


As Seen In

Construction Executive published an article by Assurance Partner Don Singleton and Tax Senior Manager Kenneth Padgitt, discussing tools available to construction contractors to help defer income tax liabilities.

There are several tools available to construction contractors to defer income tax liabilities. Often, these tools are not being used effectively - or even being ....

Construction Brochure

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Contacts

Select the region to view contacts.

Joseph  Natarelli, Construction Services Leader, Assurance
Practice Leader
Construction Services Leader
Assurance
New Haven, CT
CT

Michael  Balter, Regional Managing Partner, Assurance
Regional Managing Partner
Assurance
Fort Lauderdale, FL
FL

Anirban  Basu, Chief Construction Economist,
Chief Construction Economist

,


William  Clark, Partner, Assurance
Partner
Assurance
Nashville, TN
TN

Tim  Crosby, Partner, Tax & Business
Partner
Tax & Business
Deerfield, IL
IL

Adam  Firestein, Partner, Assurance
Partner
Assurance
Fort Lauderdale, FL
FL

 
Barry  Fischman, Partner, Tax & Business
Partner
Tax & Business
New Haven, CT
CT

David  Fontaine, Partner, Tax & Business
Partner
Tax & Business
Providence, RI
RI

Warren  Hennagin, Partner, Assurance
Partner
Assurance
Irvine, CA
CA

Ira  Kantor, Director, Tax & Business
Director
Tax & Business
Melville, NY
NY

James  Lundy, Partner, Tax & Business
Partner
Tax & Business
Nashville, TN
TN

Joseph  Mair, Director, Advisory
Director
Advisory
Philadelphia, PA
PA

 
Ian T.  Manning, Office Managing Partner, Assurance
Office Managing Partner
Assurance
Nashville, TN
TN

Brett  McGrath, Partner-in-Charge, Tax Services -  Connecticut, Tax & Business
Partner-in-Charge
Tax Services - Connecticut
Tax & Business
Hartford, CT
CT

Robert  Mercado, Partner, Assurance
Partner
Assurance
New Haven, CT
CT

Steve  Rapattoni, Partner, Assurance
Partner
Assurance
Irvine, CA
CA

Edward  Reitmeyer, Partner-in-Charge, Tax Services - Philadelphia, Tax & Business
Partner-in-Charge
Tax Services - Philadelphia
Tax & Business
Philadelphia, PA
PA

Bruce  Roff, Partner, Assurance
Partner
Assurance
New York, NY
NY

 
Anthony  Scillia, Regional Managing Partner, Assurance
Regional Managing Partner
Assurance
New Haven, CT
CT

Don  Singleton, Partner, Assurance
Partner
Assurance
Nashville, TN
TN

James D. Wilkinson, Office Managing Partner, Assurance
Office Managing Partner
Assurance
Providence, RI
RI

 

 
 
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ABOUT MARCUM LLP

Marcum LLP is one of the largest independent public accounting and advisory services firms in the nation, with offices in major business markets throughout the U.S., as well as Grand Cayman, China and Ireland.

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